French reinsurer SCOR has disclosed property and casualty (P&C) reinsurance renewal results for January 2026, reporting selective portfolio growth amid a competitive pricing environment, with overall estimated gross premium income (EGPI) for traditional reinsurance rising 4.7% to €4.493 billion and alternative solutions growing 80.5% to €1.185 billion.
In traditional property and casualty reinsurance, SCOR reported EGPI increased 7.4% to €2.848 billion, supported by continued demand from core customers and strong activity in Asia Pacific and North America.
At the same time, despite continued pricing pressure in the market, the specialty product line remained resilient, growing slightly by 0.3% to €1.645 billion.
SCOR explained that demand for reinsurance coverage remains high despite increased competition in the property and casualty reinsurance market due to strong profits and increased capital availability.
“This has led to price falls for most lines, especially for non-proportional placements. Nonetheless, the reinsurance market remains constrained in terms of structure, terms and conditions,” the French reinsurer added.
Jean-Paul Conoscente, CEO of SCOR P&C, commented: “In a more competitive environment, we are pleased with the results of the 1.1 update, which combines growth with adequate levels of profitability.
“SCOR’s traditional reinsurance delivered targeted growth of 4.7%, leveraging its franchise to grow with core customers on a broad range of stable terms and conditions, including add-on points.
“Net coverage is expected to increase by 2.0 percentage points, supported by our retrocession purchases.
“I would also like to highlight the continued momentum for alternative solutions, with us enjoying another strong renewal season driven by core demand for capital relief transactions.
“Going forward, we believe SCOR can continue to leverage its strengths and seize profitable opportunities.”
According to SCOR, about two-thirds of its property and casualty reinsurance book was renewed in January, accounting for 50% of SCOR’s total property and casualty premiums.
The company concluded that for the remaining renewals in 2026, it is ready for a continued competitive market and will continue its forward 2026 diversified growth strategy in a disciplined manner.
